DHFL Pramerica Life Insurance Company Limited (DPLI) has announced its tie up with Dhanlaxmi Bank for distribution of its portfolio of retail and group life insurance products. Under the arrangement, the bank will act as a corporate agent of the insurance company and will assist in making life insurance products more accessible to its customers. Going forward, the bank has further plans to achieve strong growth in its business loan segment in FY18.

Private life insurance company, Canara HSBC Oriental Bank of Commerce Life Insurance has entered into an alliance with Kerala based Dhanlaxmi Bank for marketing its various life insurance products. The tie up between the two will enable the customers of the bank to take the benefit of various insurance products offered by the company.

2017-05-17 :Dhan Laxmi Bank posts net profit of Rs.9 crore

Leading private sector lender, Dhan Laxmi Bank, has posted a net profit of Rs. 9 crore for the fourth quarter of FY17, despite registering higher NPAs. The increase in bank’s profit is due to limiting its bad loans and stressed assets during the current quarter.

2016-06-20 :Dhanlaxmi Bank Q4 loss narrows to Rs 131.6 cr

Dhanlaxmi Bank reported a lower Net Loss of Rs 131.6 crore during the March quarter of FY16 against the reported loss Rs 266.61 crore during the March quarter of FY15. Total Income of the bank declined by 3.8 per cent to Rs 323.98 crore in the quarter ended March 2016. On an annual basis, Dhanlaxmi bank net loss narrowed to Rs 209.45 crore as on FY16 compared to Rs 241.47 crore as on FY15

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